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John Deere $600M Tariffs, Farmers Need Fourfold Acreage

5/18/2026

27 3 Full Breakdown

Summary

Story summary

John Deere said it absorbed $600 million in tariff-related costs in 2025 and expects the amount to double in 2026.
Dave Peters, an Iowa corn farmer, estimates he now needs four times as many acres to maintain profit because of higher costs.
Preston Jimmerson, a Georgia cotton and pecan farmer, reports chemicals represent about 30 percent of his input costs and warns cutting them could reduce yields.

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Story summary

John Deere said it absorbed $600 million in tariff-related costs in 2025 and expects the amount to double in 2026.
Dave Peters, an Iowa corn farmer, estimates he now needs four times as many acres to maintain profit because of higher costs.
Preston Jimmerson, a Georgia cotton and pecan farmer, reports chemicals represent about 30 percent of his input costs and warns cutting them could reduce yields.